Nippon Steel Archives | Be Korea-savvy

Court Orders Sale of Nippon Steel Assets to Compensate Wartime Forced Labor

SEOUL, Dec. 31 (Korea Bizwire) — A South Korean court on Thursday ordered the sale of a Japanese steel company’s assets here to compensate wartime forced labor victims in the second ruling of its kind. The Daegu District Court’s Pohang branch ordered Nippon Steel Corp. to sell off its securities of PNR, a joint venture [...]

Japanese Company Appeals S. Korean Court’s Decision on Asset Seizure

DAEGU, Aug. 7 (Korea Bizwire) — A Japanese company has appealed a South Korean court’s ruling to seize its assets in the country to compensate victims of wartime forced labor in a move expected to worsen tensions between the two countries. Nippon Steel Corp. has submitted an immediate complaint against the court’s decision to seize [...]